Experts and investors smell a rat in the recent decision of Daffodil Computers to issue shares to non-listed Creative International at face value in repayment of a debt of Tk 467 million. Both the organisations belong to the Daffodil Family, but Daffodil Computers have free float shares in the han
Most of the unit holders of Beximco Green Sukuk have shown reluctance in converting bonds into shares in the third year, fearing losses. In a stock exchange filing on Monday, the Investment Corporation of Bangladesh (ICB), the trustee of the debt securities, said only 27 unit holders with bonds wo
The Dhaka Stock Exchange (DSE), the country's main capital market, saw a downtrend in the first two hours on Monday. Shares and units of 39 million were exchanged through 43675 transactions. During this period, the market witnessed huge selling pressure, and shares and mutual funds worth Tk 1.18 b
The Central Counterparty Bangladesh Limited (CCBL) has failed to commence its operation even five years after its incorporation for delayed appointment of independent directors. The CCBL in a letter recently offered an explanation as to why it could not start working in 955 days. It said the forma
Mir Akhter Hossain Ltd is going to raise Tk 2.50 billion through preference shares to repay its high-cost bank loans to ease the finance cost burden. The board has decided to pay off its high-cost short-term loans partially with funds to be collected through preference shares, said an offici
The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first hour on Sunday. Shares and units of 30.1 million were exchanged through 286870 transactions. During this time, shares and mutual funds worth Tk 904 million were traded. A total of 371 companies par
Writing off bad debts behind negative equity partially or fully is the ultimate solution of the problem that has been gnawing away at the market's growth potential for more than a decade. Market intermediaries -- merchant banks and brokerage firms -- have sought time extension repeatedly to meet t
Stocks saw a strong rebound this week, paring all the losses from the previous week, as investors looked for bargains among beaten-down stocks in anticipation of short-term gain. Market analysts said the market recovery was largely supported by the state-run Investment Corporation of Bangladesh (I
Trust Bank has decided to invest Tk 312.5 million to strengthen its position in the rapidly growing mobile financial services industry, aiming to capture a bigger market share. The listed private commercial bank made the decision at a board meeting on Wednesday, according to a stock exchange filin
Access to finance is a big barrier to mechanization in farming in Bangladesh and so the lenders should do more to support the agriculture sector. "Smallholder farmers and agri-businesses in Bangladesh continue to face significant barriers in accessing the financial resources they need to thrive,"
The struggling Ring Shine Textiles obtained shareholders' consent to extend its IPO fund utilization time by one more year to December next year. It had raised Tk 1.50 billion under the fixed price method in August 2019 but failed to use its initial public offering (IPO) proceeds although th
Central Counterparty Bangladesh Limited (CCBL) has rejected the Dhaka Stock Exchange's (DSE) request to suspend procurement activities, saying the request is legally invalid. On December 10, the prime bourse, which owns a 45% stake in CCBL, expressed concerns over CCBL's procurement initiatives an
Global fund manager Asia Frontier Capital (AFC) predicted a bullish outlook for Bangladesh's stock market towards the second half of the next year, driven by an economic turnaround. Although Asian frontier markets have significantly outperformed the region for a second year in a row in 2024,
